Sonus Networks, Inc. (Nasdaq:SONS) reached up 16.31% in morning trading to $2.71 with 1.5M shares traded. Sonus Networks, Inc. is a leader in IP networking with proven expertise in delivering secure, reliable and scalable next generation infrastructure and subscriber solutions. With customers in over 50 countries across the globe and over a decade of experience in transforming networks to IP, Sonus has enabled service providers and enterprises to capture and retain users and generate significant ROI. Sonus products include media and signaling gateways, policy & routing servers, session border controllers and subscriber feature servers. Sonus products are supported by a global services team with experience in design, deployment and maintenance of some of the world's largest and most complex IP networks. Sonus Networks, Inc. (Nasdaq:SONS - News) yesterday afternoon announced results for the quarter ended September 30, 2011 and provided its outlook for the quarter and year ending December 31, 2011. Third Quarter Highlights • Total revenue was $66.4 million • SBC product revenue was $10.4 million, compared to $7.7 million in the second quarter of fiscal 2011 and $3.1 million in the third quarter of fiscal 2010 • Sonus added eight new customers in the quarter, all of whom purchased SBC products and services
Ikanos Communications, Inc. (NASDAQ: IKAN) reached up 11.76% in morning trading to $.95 with 110K shares traded. Ikanos Communications, Inc. is a leading provider of advanced broadband semiconductor and software products for the digital home. The company's broadband DSL, communications processors and other offerings power access infrastructure and customer premises equipment for many of the world's leading network equipment manufacturers and telecommunications service providers. Ikanos Communications, Inc. (NASDAQ: IKAN - News) yesterday afternoon announced its financial results for the third quarter of 2011, ended October 2, 2011. Recent Highlights: • Revenue of $35.4 Million • Non-GAAP Net Loss of $(0.5) Million, or $(0.01) Per Share • Cash and Cash Equivalents Improve to $36.3 Million
PeopleString Corporation (OTCBB:PLPE) reached up 37.93% in morning trading to $.20 with 400K shares traded. PeopleString Corporation creates technologies that empower consumers to leverage their social networks to capitalize on the best national and local deals. PeopleString's patent pending "Share It Up" technology harnesses the power of social media to create coupons that go up in value when shared and rewards loyal customers who share their favorite merchants with others. PeopleString also offers patent pending "Insta Portal" technology which allows users to import pieces of their favorite websites into their own PeopleString homepage. PeopleString Corporation (OTCBB:PLPE.ob - News) today announced that it has officially launched the PeopleDeals mobile platform that allows consumers to find and share social coupons and deals on their mobile devices. Consumers are able to access local deals through the application which is available on the Android and iPhone iOS mobile platforms.
For a detailed quote on any of the following companies, or to read the full news articles visit PennyTrader.com
About PennyTrader.com:
PennyTrader.com is a financial and investor relations website committed to covering the microcap market space including Pink Sheets and OTC Bulletin Board and sub-$5 big board stocks. We strive to provide you with the best stocks alerts in the market! We focus on OTCBB, OTC, penny stocks, sub-$5 big board stocks, and timely stocks picks and alerts. Our goal is to inform you of the HOTTEST stocks in the market before they move. Our staff has years experience in the stock market, and we are confident that you’ll be impressed with the results of our stock picks! If you wish to feature your organization on our website then you can contact us at publisher@pennytrader.com.
Disclosure: PennyTrader.com is not currently being compensated for any stocks covered in this midday report
PennyTrader.com is not a registered investment advisers or broker/dealer. PennyTrader.com makes no recommendation that the purchase of securities of companies profiled in this press release is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the micro cap companies covered and the potential lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk. For our full disclaimer go to CLICK HERE
